Scholastic reported second quarter sales of $666 million, up 7 percent (or $43 million) from a year ago, “largely driven by strong sales in children’s books, especially in the company’s school-based distribution channels, and continued growth in classroom books and magazines.” All of the growth and more came from the children’s book publishing and distribution division, which rose $50.5 million to $403 million. Trade sales were up $3.1 million to $55.6 million, helped by the Minecraft series. School Book Club sales rose $32.2 million, or 33 percent, to $129.6 million. “Lower investment in Storia” helped children’s book publishing profits. The […]
